Credit Suisse Initiates Coverage on Sasol Limited (ADR) to Outperform

Credit Suisse Initiates Coverage on Sasol Limited (ADR)(NYSE:SSL). The shares have been rated Outperform. The rating by Credit Suisse was issued on Sep 26, 2016.

In a different note, On Sep 14, 2016, Citigroup said it Upgrades its rating on Sasol Limited (ADR). The shares have been rated ‘Buy’ by the firm. On Aug 16, 2016, Bank of America said it Upgrades its rating on Sasol Limited (ADR). The shares have been rated ‘Buy’ by the firm. On Aug 10, 2016, Morgan Stanley said it Upgrades its rating on Sasol Limited (ADR). The shares have been rated ‘Overweight’ by the firm.

Sasol Limited (ADR) (SSL) made into the market gainers list on Thursdays trading session with the shares advancing 1.83% or 0.49 points. Due to strong positive momentum, the stock ended at $27.28, which is also near the day’s high of $27.63. The stock began the session at $27.38 and the volume stood at 6,61,094 shares. The 52-week high of the shares is $34.73 and the 52 week low is $21.0701. The company has a current market capitalization of $17,839 M and it has 65,39,33,280 shares in outstanding.

Sasol Limited (Sasol) is a holding company. The Company is an integrated energy and chemicals company that develops and commercializes technologies builds and operates facilities to produce a range of product streams including liquid fuels high-value chemicals and low-carbon electricity. The Company operates through six segments: Mining Exploration and Production International Energy Base Chemicals Performance Chemicals and Other. Through Sasol technologies and processes the Company produces various products such as fuel components chemical components and co-products. From these products and processes it delivers diesel petrol (gasoline) naphtha kerosene (jet fuel) liquid petroleum gas (LPG) olefins alcohols polymers solvents surfactants co-monomers ammonia methanol crude tar acids sulfur illuminating paraffin bitumen and fuel oil. Its products are used in the production process of numerous everyday products made across the world.

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